GLOBAL CRYPTO AND TECH UPDATES
We review the happenings in the technology and cryptocurrency world, as we highlight the major headlines from around the globe.
India’s Finance Minister Hints on Global Framework to Regulate Crypto Ahead of G20 Summit
India’s Finance Minister, Nirmala Sitharman has revealed that discussions are ongoing on global Crypto regulations ahead of the G20 summit.
Speaking at the Global Fintech Fest held in Mumbai, Sirtharman urged that cryptocurrency could not be regulated efficiently without the cooperation of all countries.
Ark Invest Files for Spot Ethereum ETF
Following the SECs decision to delay ARK Investment Management’s Bitcoin ETF, ARK has proposed an investment vehicle with exposure to Ether.
In a Sept. 6 filing, ARK Invest and 21Shares requested the SEC approve the listing of shares of a spot Ether ETF on the Cboe BZX Exchange.
Failure to Tax the Metaverse ‘will Create A Tax Haven’ — Harvard Legal Expert
Harvard’s Christine Kim proposes taxing the metaverse and using it as a policy experiment platform in her recent study.
In the paper titled “Taxing the Metaverse,” Kim suggests the metaverse lets users amass wealth solely within its environment.
China bans use of iPhones for government officials
China has banned the use of iPhones and other foreign smartphone brands for central government officials in the country.
Wall Street Journal reports that staffs are being notified via chat groups, and many officials are switching over to the use of domestic brands, especially Huawei.
Google Unveils New Ads Policy For NFT Games
Google now allows ads for blockchain-based NFT games but prohibits promotions related to gambling.
According to a blog post from Google, the new changes will go into effect starting September 15 and will be restricted only to games that meet specific criteria.
Elon Musk to sue ADL for accusing him, X of antisemitism
Elon Musk has announced that X, previously known as Twitter, will be initiating a defamation case against the Anti-Defamation League. He claimed that the ADL, a group dedicated to countering antisemitism, extremism, and prejudice, wrongly labeled him and X as antisemitic.
Justin Bieber hit track becomes NFT for royalty-sharing
Justin Bieber’s hit song from 2015 “Company” has been turned into an NFT by AnotherBlock which fans could earn royalties from future streams of the track.
On Sep. 7, the music tech platform AnotherBlock, in collaboration with co-producer Andreas Schuller (Axident), released the track “Company” as an NFT, limited to 2,000 copies.
Visa expands stablecoin settlement options to Solana
Visa has unveiled its plans to broaden its stablecoin settlement functionalities, incorporating the Solana blockchain alongside its existing support for Ethereum. The company announced pilot programs in collaboration with merchant acquirers Worldpay and Nuvei.